Sensex rallies over 100 points, Nifty reclaims 8700

The S&P BSE Sensex surged as much as 150 points in trade, led by gains in ITC, Infosys, TCS, HDFC Bank, and Coal India. Tracking the momentum, the 50-share Nifty index surged over 40 points to reclaim its crucial psychological level of 8700, supported by gains in auto, banks, IT, metal and pharma stocks.